|Day's Range||0.842 - 0.85|
|52 Week Range||0.8276 - 0.9396|
U.K. retail sales disappointed again in December dropping 0.6%, adding further force to arguments for an interest rate cut from the Bank of England at the end of the month.
The latest minutes from the European Central Bank (ECB) meeting are due on Thursday and investors will lookout for clues on ECB’s strategy review, and specifically about the change in inflation target.
Investing.com -- The U.K. economy shrank unexpectedly in November, amid signs the political uncertainty surrounding the early December general election weighed on economic growth. The news is likely to increase expectations of an interest rate cut at the Bank of England's next rate-setting meeting.
Investing.com - The Japanese yen was the early beneficiary of Iran’s decision to fire several missiles at military bases in Iraq which were hosting U.S. troops. Investors chose this currency as a safe haven in case this move represented a dramatic escalation of the recent tensions in the region.
Investing.com -- The dollar was mixed in early trade in Europe Monday, consolidating solid gains against the pound and euro on Thursday caused by fresh fears over relations between the U.K. and EU next year.
Investing.com - The Bank of England said Thursday that it is keeping interest rates on hold at 0.75% after its final monetary policy meeting of the year.
Investing.com -- The dollar was down modestly in early trading in Europe, after the Bank of Japan kicked off a busy day of central bank meetings by signalling no imminent change to its monetary policy.
Investing.com - The European Central Bank left key rates on hold on Thursday, at its first meeting chaired by new president Christine Lagarde.
The Canadian dollar is steady on Monday, after weak Canadian job numbers sent the currency lower on Friday. EUR/GBP has dropped to its lowest level since May 2017, as the pound continues to gain ground.
Investing.com - The British pound hit 31-month highs against the euro on Monday and hit seven-month highs against the U.S. dollar amid growing confidence about a Conservative Party victory in Thursday’s U.K. elections, which would end political paralysis on Brexit.
The Canadian dollar is flat on Friday, but that could change in the North American session. Canada and the U.S. will both release key employment numbers at 15.:30 GMT.
The Canadian dollar is steady on Thursday, after an optimistic Bank of Canada rate statement boosted the currency. Higher oil prices have also contributed to the Canadian dollar gaining ground.
The year is ending but Brexit and trade wars continue being the hottest topics. In this article, we will consider events that will determine the market sentiment of the last month of the year.
On Wednesday, the pressure in the financial markets has slightly decreased after Bloomberg reports that China and the U.S. are edged closer to their positions on trade and can avoid a new wave of escalation.
The Canadian dollar has posted strong gains after the BoC held rates and sent a positive message to the markets. EUR/GBP has posted sharp losses, as British Construction PMI beat the forecast.
The Canadian dollar continues to trade sideways this week. With no Canadian events on the schedule, I expect a quiet North American session for USD/CAD. That could change on Wednesday, as the Bank of Canada holds its monthly policy meeting.
The Canadian dollar is quiet, but that could change in the North American session with the release of GDP. EUR/GBP is showing little movement, as the post-Thanksgiving hangover has crossed the Atlantic.
The Canadian dollar is flat on Thursday. The lack of movement could change on Friday, with the release of Canadian GDP. EUR/GBP has posted slight gains, but the pair continues to put pressure on a key support level.
The Canadian dollar is calm on Wendesday. The currency yawned as U.S. GDP showed a 2.1%, which was better than expected. Canada will release September GDP on Friday, so we could see some volatility from USD/CAD before the weekend. EUR/GBP has sustained losses, on fears of a trade war between the U.S. and the EU.